Meridian-based CapEd Credit Union opened its second Nampa branch July 29, bringing its total to 10 branches across the Treasure Valley.
The new Nampa branch is at 1023 12th Avenue Road to serve the growing southern half of the city. The other Nampa branch is on Marketplace Boulevard, near the Caldwell city limits.
CapEd has 10 branches in Boise, Meridian, Nampa, Eagle and Kuna.
CapEd also has intentions of expanding beyond the Boise region for the first time since its creation in 1936.
“We have secured property for a branch location in Twin Falls,” said Todd Christensen, CapEd’s senior vice president of marketing and business development. “We will announce our location plans early next year.”
As a federally chartered credit union, its 65,000 members live across the country and a large portion of CapEd’s auto loans are issued in neighboring states, Christensen said.
CapEd has seen membership growth of 13 percent to 15 percent each of the past five years. It has $530 million in assets, he said.
CapEd’s second-newest branch opened in October 2014 in Meridian at Linder and McMillan roads. In October 2015, it became the first CapEd branch with ATMs able to issue $1, $5 and $10 bills. The new Nampa branch’s ATM also issues multidenominational bills.
They are among the first ATMs in Idaho with that capability. Latah Federal Credit Union has had ATMs issuing multiple denominations at its Moscow and University of Idaho branches for the past year and one-half, CEO Lowell Stevens said.
“The kids don’t always want $20,” Stevens said.
European ATMs routinely offer cash in different amounts. Multidenominational ATMs are starting to catch on in the U.S., especially at ITMs – interactive teller machines with a teller appearing on a video screen, said Elizabeth Wetzel, marketing and social media coordinator at Cook Security Group, a Milwaukie, Ore., a full-service security company that installs ATMs at some Idaho banks.
“More and more machines are having the capability to issue multidenominational bills,” Wetzel said.
Integrated Builders Group of El Dorado Hills, Calif., was the general contractor of the Nampa and Linder branches. Chad Slichter at Boise-based Slichter Architects was the architect.